Centerra Gold Inc. (NYSE:CGAU) Receives $16.00 Average Price Target from Analysts

Shares of Centerra Gold Inc. (NYSE:CGAU) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.00.

Several brokerages have recently weighed in on CGAU. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Wall Street Zen upgraded shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, February 4th.

Centerra Gold Price Performance

Shares of CGAU stock opened at $19.56 on Friday. The company has a market capitalization of $3.91 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 1.22 and a beta of 0.90. The firm has a fifty day simple moving average of $18.35 and a 200-day simple moving average of $15.23. The company has a current ratio of 2.39, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04. Centerra Gold has a twelve month low of $6.30 and a twelve month high of $21.17.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Thursday, February 19th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $401.60 million during the quarter, compared to the consensus estimate of $355.39 million. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. Equities research analysts anticipate that Centerra Gold will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $0.07 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. Centerra Gold’s dividend payout ratio is 7.39%.

Institutional Trading of Centerra Gold

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Centerra Gold in the fourth quarter valued at $312,000. Mackenzie Financial Corp raised its holdings in Centerra Gold by 677.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,264,565 shares of the company’s stock valued at $18,300,000 after acquiring an additional 1,101,830 shares in the last quarter. XTX Topco Ltd raised its holdings in Centerra Gold by 291.8% in the fourth quarter. XTX Topco Ltd now owns 77,301 shares of the company’s stock valued at $1,111,000 after acquiring an additional 57,569 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Centerra Gold in the fourth quarter valued at $939,000. Finally, Numerai GP LLC raised its holdings in Centerra Gold by 133.2% in the fourth quarter. Numerai GP LLC now owns 23,496 shares of the company’s stock valued at $338,000 after acquiring an additional 13,421 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

About Centerra Gold

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.